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Canadian firms need more support to take advantage of trade deals

The Globe and Mail, April 9, 2021 - Canadian companies need a shot of global ambition.

Although Canada has signed 14 trade deals covering 51 countries, our businesses are too slow to seize economic opportunities in foreign markets. It’s odd. Canada prides itself on being a multicultural country, but domestic companies are still uncomfortable venturing abroad. By Rita Trichur. 


Photo: CVTC
By Julie Nguyen February 12, 2024
Viet Nam News, February 12, 2024. Currently, Việt Nam is Canada's largest trading partner in ASEAN and this country's seventh largest import partner after the US, mainland China, South Korea, Japan, the Netherlands and Hong Kong.
By Julie Nguyen December 29, 2023
Government of Canada, December 29, 2023. As part of Canada's Indo-Pacific Strategy, the Honourable Mary Ng, Minister of Export Promotion, International Trade, and Economic Development will lead a Team Canada Trade Mission (TCTM) to Malaysia and Vietnam in March 2024.
December 28, 2023
Vietnam Investment Review, December 28, 2023. Vietnam has been extensively expanding its trade and investment ties with Canada while taking the advantage of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership as a big leverage.
By Julie Nguyen September 25, 2023
McKinsey & Company, September 25, 2023. Manufacturing has been the nucleus of Vietnam’s exceptional growth. However, faced with complex economic, geopolitical, and technological conditions, this sector may have to reinvent itself to continue thriving.
By Julie Nguyen September 6, 2023
Export Development Canada, September 6, 2023. The Indo-Pacific region is a key area of interest for Canadian export development. Vietnam is a country on the move, set to grow by 4.3% in 2023, with expected growth next year of 5% and an increase to 6% in its five-year outlook.
April 14, 2023
Ivey Business School, April 14, 2023. From Vespa tours around Ho Chi Minh City to exploring the Mekong Delta by boat, Ivey’s Executive MBA (EMBA) participants made the most of a week-long crash course in international business during their recent Discovery Expedition trip to Vietnam.
By Julie Nguyen January 10, 2022
Government of Canada, January 10, 2022. The Honourable Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, and Nguyễn Hồng Diên, Vietnam’s Minister of Industry and Trade, witnessed the signing of a memorandum of understanding (MOU) between Canada and Vietnam to establish a joint economic committee (JEC). Vietnam is an important global trading partner to Canada and a vital economic player in the Indo-Pacific.
September 7, 2021
Bloomberg, September 7, 2021 - COVID has disrupted but not derailed Vietnam’s expanding role in global supply chains and growth prospects, the head of the American Chamber of Commerce in Hanoi said Tuesday. Read more . Photo: Workers attach a rear door to the body frame of a Vinfast Lux A2.0 sedan as it moves along a conveyor in the body shop area of the automaker's factory in Haiphong, Vietnam, on Wednesday, Dec. 4, 2019. Vingroup JSC Chairman Vuong, the billionaire behind six-month-old Vietnamese auto startup VinFast, plans a feat even Toyota Motor Corp. and Hyundai Motor Co. couldn't pull off during their early days: sell a car in the U.S. Photographer: Yen Duong/Bloomberg , Bloomberg
September 2, 2021
The Economist, September 2, 2021 - Having impressed the world by taming the virus last year, Vietnam is now in the middle of its worst outbreak of covid-19 by far. Parts of the country are in strict lockdown and a swathe of factories, from those making shoes for Nike to those producing smartphones for Samsung, have either slowed or shut down, disrupting global supply chains. Yet integration with global manufacturing has kept Vietnam’s economy humming during the pandemic. In 2020 GDP rose by 2.9% even as most countries recorded deep recessions. Despite the latest outbreak, this year could see even faster growth. The World Bank’s latest forecasts, published on August 24th, point to an expansion of 4.8% in 2021. Read more .
August 9, 2021
August 9, 2021 - Remarks at the United Nations Security Council high-level open debate on "Enhancing Maritime Security: A Case for International Cooperation". Mr. President, Excellencies, Good evening from Ha Noi. And thank you very much, Mr. President, for taking the initiative and convening the first-ever Security Council Open Debate on Enhancing Maritime Security.
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